Question

What does greater competition among sellers usually lead to?
(1 point)
Responses

lower prices and fewer choices for buyers
lower prices and fewer choices for buyers

lower prices and more choices for buyers
lower prices and more choices for buyers

higher prices and fewer choices for buyers
higher prices and fewer choices for buyers

higher prices and more choices for buyers

1 answer

Greater competition among sellers usually leads to lower prices and more choices for buyers. Therefore, the correct response is:

lower prices and more choices for buyers.